Cartier Resources Inc. Provides 2011 Review and 2012 Plan by 24hgold

Mots clés associés : Copper |

Marketwire


Cartier Resources Inc.
TSX VENTURE:	ECR

Other Recent News \| Printer Friendly Version

February 2, 2012

Cartier Provides 2011 Review and 2012 Plan

VAL-D'OR, QUEBEC--(Marketwire - Feb. 2, 2012) - Cartier Resources Inc. (TSX VENTURE:ECR) (" Cartier ") is pleased to provide a review of 2011 while looking forward to key near term milestones the Company expects to achieve in 2012.

Philippe Cloutier, President and CEO stated: "2011 has been the transitional year we wanted for Cartier. We added value to key projects. For example, on Dollier, we started the year with a surface showing and drilled 28 holes, at year end we could see the mineralized zone developing at depth and laterally. On Cadillac Extension, results were even more conclusive as the Langlade deposit now shows a potential for a resource, and new discoveries provide upside for the eastern portion of the project. "

Cartier developed a three-year plan to achieve important milestones. 2012 starts with drilling on the high profile Cadillac Extension project. "We intend to acquire two new advanced projects and are confident that Cartier will have at year end achieved significant steps toward providing our investors with resource based projects."

2011 highlights on key projects:

----------------------------------------------------------------------------
                      2011 Review                       2012 Plan           
----------------------------------------------------------------------------
Cadillac    - Expansion of the surface       - Results of the Phase 1 -     
 Extension  expression with significant Cu-  Langlade drill program         
            Zn-Ag-Au surface channel         - Phase 2 - Drilling on        
            results on Langlade deposit      Langlade for depth continuity  
            (September 28th) and new         - Results of metallurgic tests 
            discoveries over the eastern     from Langlade Deposit          
            part of the project (October     - Reconnaissance Drill program 
            6th)                             on new eastern targets         
            - Completed Phase 1 drill                                       
            program on Langlade deposit (10                                 
            holes for 1,238 meters)                                         
            (November 8th)                                                  
----------------------------------------------------------------------------
Dollier     - Two drill programs (28 holes   - Results of Phase 2 Drill     
            / 3,233 m)                       Program                        
            - Results of the Phase 1         - Seek partner for this drill- 
            confirm the lateral and depth    ready project                  
            continuity of Main Gold Zone                                    
            (May 3rd 2011)                                                  
----------------------------------------------------------------------------
Riviere     - Option and joint venture       - Monitor progress of Copper   
Dore        agreement with Copper One        One (Cartier owns shares and a 
            (January 18th)                   royalty)                       
            - High priority targets                                         
            identified from exploration                                     
            program (March 15th)                                            
            - Suspension of exploration                                     
            work following discussions with                                 
            Algonquin Community of Rapid                                    
            Lake (July 8th)                                                 
            - Sale of project to Copper One                                 
            (December 1st)                                                  
----------------------------------------------------------------------------

Other 2011 highlights:

--  10,535 meters drilled 
--  Addition of Dr Gaetan Lavalliere as VP Corporate Development (September
    7th) 
--  Environmental and Social Responsibility Award - e3 Plus (November 24th) 
--  Completion of a 3.1 M$ equity financing (December 22nd)

2012 Objectives:

--  Drill 15,000 meters 
--  Announce the acquisition of projects with a resource base 
--  Advance drilling on resource potential projects 
--  Complete agreements with partners for its drill ready Dollier, Diego and
    MacCormack projects 
--  Continue e3 Plus commitment 
--  Secure funding

Other projects

----------------------------------------------------------------------------
                       2011 Review                       2012 Plan          
----------------------------------------------------------------------------
Xstrata-    - Completion of exploration      - Official announcement of     
 Option     requirements for acquisition -   acquisition of 100% interest   
            1M$ (2008-2011)                                                 
----------------------------------------------------------------------------
Diego       - Airborne geophysical survey    - Results of Phase 1 drill     
            - Phase 1 drill program          program                        
                                             - Seek partner for this drill- 
                                             ready project                  
----------------------------------------------------------------------------
MacCormack  - Geophysical surveys and        -Seek partner for this drill-  
            drilling on the Porcupine-       ready project                  
            Destor Zone (February 3rd)                                      
----------------------------------------------------------------------------

About Cartier

The company's objective is to set up a dynamic process which will allow it to develop and maintain a balanced portfolio of mining projects ranging from exploration to resource definition, development and production. Its VISION is to develop the company's current and future assets into near to medium term mineral production with a schedule consistent with its human and financial resources and respecting sustainable development practices.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

CONTACT INFORMATION:

Philippe Cloutier
President and CEO
Cartier Resources Inc.
819 874-1331 / Toll-free : 877-874-1331
Fax: 819 874-3113
info@ressourcescartier.com
www.ressourcescartier.com

INDUSTRY: Manufacturing and Production - Mining and Metals

Footer

If you no longer want to receive announcements from us, please do not reply to this e-mail. Instead simply click .

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
Sur Google Earth, cliquez sur les pictogrammes, pour voir les informations du projet, accéder à sa page, ou à la page de la compagnie.